Malaysia · MYR · January 2025
Gold Price in Malaysia — January 2025
In January 2025, the gold price in Malaysia closed at approximately RM11,402 per troy ounce, equivalent to RM4,276 per tola or RM367 per gram. This represents a +3.97% change on the month (RM10,967 open → RM11,402 close).
Open
RM10,967
per troy ounce
Close
RM11,402
per troy ounce
High
RM11,402
per troy ounce
Low
RM10,723
per troy ounce
All unit prices at January 2025 close — Malaysia
| Unit | Weight | Closing MYR price |
|---|---|---|
| Troy ounce | 31.1035 g | RM11,402 |
| Gram | 1.0000 g | RM367 |
| 10 grams | 10 g | RM3,666 |
| Kilogram | 1,000 g | RM366,582 |
| Tola | 11.664 g | RM4,276 |
Karat-purity breakdown at January 2025 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KMALAYSIA STD | RM366 | RM4,272 |
| 22K | RM336 | RM3,917 |
| 21K | RM321 | RM3,741 |
| 18K | RM275 | RM3,207 |
| 14K | RM214 | RM2,501 |
| 10K | RM153 | RM1,783 |
Daily gold price in MYR — January 2025
January 2025 gold market: Record run resumes on rate-cut hopes
BullishRate-cut expectations and central-bank demand reignited the record run.
Gold opened 2025 strongly as markets positioned for future Fed rate cuts and a new US administration brought immediate policy and tariff uncertainty. Falling rate expectations pressure bond yields and the dollar while making non-yielding gold more attractive — and continued record central-bank buying reinforced the bid from day one.
What drove gold in January 2025
- Fed rate-cut expectations
- record central-bank buying
- geopolitical and policy uncertainty
- weaker-dollar positioning
Key events in January 2025
- Jan 20Trump inaugurated; tariff threats lift safe-haven and hedging demand
What happened next
Persistent inflation worries and accumulating institutional demand kept the uptrend intact into February.
For gold buyers in Malaysia
January set the tone for a historic year — with rate cuts expected and central banks buying relentlessly, gold's path of least resistance was higher.
The 2025 gold market: Continued bull market and de-dollarization signals
2025 saw gold continue its bull market with prices reaching new highs above $3,000/oz. BRICS+ expansion (UAE, Iran, Egypt, Ethiopia) accelerated. Central-bank buying remained at record levels. The era of structural gold appreciation continued through the year.
Key drivers in 2025
Continued central-bank buying, BRICS+ settlement infrastructure, USD reserve share declining, AI-era productivity boom
2025 XAU/USD high
Above $3,000
2025 XAU/USD low
$2,580 (approx)
Era context — The modern bull market (2019 to today)
Gold's second major bull market of the 21st century. Driven by COVID stimulus, Russia sanctions, central-bank accumulation at record levels, and the structural shift toward a multi-polar reserve system. New all-time highs reached repeatedly since 2020.
The Malaysia gold market
Malaysia's retail gold market quotes per gram and is concentrated in Kuala Lumpur, Penang and Johor Bahru. Public Gold and Public Bank both offer accumulation accounts that have grown in popularity. The country exempts investment-grade gold from SST (Sales and Service Tax).
Standard quote unit
gram
Common purity
24K
Currency
MYR (RM)
Daily gold price — January 2025, Malaysia
RM10,967
$2,709.69/oz
RM10,768
$2,660.61/oz
RM10,788
$2,665.41/oz
RM10,723
$2,649.52/oz
RM10,723
$2,649.52/oz
RM10,783
$2,664.33/oz
RM10,807
$2,670.15/oz
RM10,840
$2,678.41/oz
RM10,919
$2,697.95/oz
RM10,901
$2,693.56/oz
RM10,901
$2,693.56/oz
RM10,840
$2,678.40/oz
RM10,918
$2,697.67/oz
RM11,028
$2,724.79/oz
RM10,998
$2,717.43/oz
RM10,984
$2,713.89/oz
RM10,984
$2,713.89/oz
RM11,114
$2,746.06/oz
RM11,184
$2,763.44/oz
RM11,166
$2,758.97/oz
RM11,276
$2,786.06/oz
RM11,222
$2,772.75/oz
RM11,222
$2,772.75/oz
RM11,191
$2,765.14/oz
RM11,196
$2,766.30/oz
RM11,327
$2,798.61/oz
RM11,402
$2,817.22/oz
How Malaysia gold prices are calculated on this page
Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The MYR/USD exchange rate comes from exchangerate-api.com's 2025 year-end snapshot.
Conversion. Every MYR figure on this page is computed as XAU/USD price × MYR/USD rate. We use the year-end exchange rate consistently across all January 2025 prices on this page.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417).
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in Malaysia, add the country-specific levies described in the “Malaysiagold market” section above.
FAQ — Malaysia gold price in January 2025
What was the gold price in Malaysia in January 2025?
In January 2025, gold in Malaysia opened at RM10,967/oz and closed at RM11,402/oz — a move of +3.97% on the month. Per tola: ≈RM4,276; per gram: ≈RM367; per 10g: ≈RM3,666.
What was the 24K gold rate per tola in Malaysia in January 2025?
The 24K gold rate per tola in Malaysia at the January 2025 close was approximately RM4,276, derived from international XAU/USD spot of $2,817.22/oz times the 2025-end MYR/USD exchange rate of 4.0472. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 24K gold rate per gram in Malaysia in January 2025?
Malaysia's most-quoted retail standard is 24K per gram. At the January 2025 close, that worked out to approximately RM366 (24K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
MYR prices on this page are computed from the verified international XAU/USD spot price for January 2025 (sourced from gold-api.com), multiplied by the 2025-end MYR/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.
Why does the retail price in shops differ from this number?
The RM figures here represent the international gold spot price converted to MYR at the 2025-end exchange rate. Malaysia's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.
Want today's rate in Malaysia? See live gold prices in Malaysia with minute-by-minute updates and per-karat breakdowns.
Different month or year? Use the prev / next buttons above, or jump to the full 2025 archive or the USD-only January 2025 page with the country-by-country list at the bottom.
Other markets? Compare January 2025 prices across other major gold-trading countries: Indonesia, Singapore, Thailand, Philippines, Vietnam, Brunei.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to MYR at the 2025-end exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in Malaysia before transacting.